Japan Bank for International Cooperation and Sumitomo Mitsui Banking Corporation will fully finance Mitsui & Co.’s investment in the Blue Point mega-project in the USA. The project – which will entail around $4 billion total investment – reached FID earlier this year.
Following the passage of new legislation in the USA, the timeline has been set for hydrogen and ammonia producers to benefit from 45V tax credits. Construction on renewable hydrogen projects must begin by January 1, 2028, providing a short window of opportunity, particularly for the regional Hydrogen Hubs.
Linde will invest $400 million to build, own and operate the supply of nitrogen and oxygen to the Blue Point mega-project, a 1.4 million tons per year CCS ammonia joint venture from CF Industries, JERA and Mitsui & Co.
In our June Episode of Project Features, the Institute for Sustainable Process Technology and Sunoco LP joined us to discuss ammonia pipelines. What lessons and best-practices can we draw from existing pipeline networks, and what design & risk mitigation factors are critical to the development of new ammonia pipeline routes?
Pacific H2 has reached an agreement to lease indigenous land from the Aleut Corporation for wind energy generation on Adak Island, Alaska. The generated renewable energy will be used to produce about 200,000 tons per year of ammonia from 2031.